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Deduction in respect of profits & gains from business of collecting and processing of bio degradable waste -Section 80JJA - Income Tax - Ready Reckoner - Income TaxExtract Deduction in respect of profits gains from business of collecting and processing of bio degradable waste - Section 80JJA Eligible Assessee - All Assessee Eligible income - Where the gross total income of an assessee includes any profits and gains derived from the business of collecting and processing or treating of bio-degradable waste for any of the following activity: generating power, or producing bio-fertilizers, bio-pesticides or other biological agents; or producing bio-gas; or making pellets or briquettes for fuel; or organic manure, a deduction u/s 80JJA shall be allowed. Quantum of deduction : A deduction of an amount equal to 100% of such profits and gains for a period of five consecutive assessment years beginning with the assessment year relevant to the previous year in which such business commences .
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